Everlast Worldwide Inc. Signs Two-Year Sponsorship and Licensing Agreement with United States Amateur Boxing, Inc. (USA Boxing)

  
    
  
  
    
      Everlast® Worldwide Inc. (Nasdaq: EVST), 
      manufacturer, marketer and licensor of sporting goods, apparel, footwear 
      and other active lifestyle products under the Everlast brand name, today 
      announced the signing of a two-year sponsorship and licensing agreement 
      with U.S. Amateur Boxing, Inc. (USA Boxing), the National Governing Body 
      for the sport of amateur boxing. Under the terms of the agreement, 
      Everlast will be the exclusive boxing equipment supplier for USA Boxing 
      and its athletes for all USA Boxing and International Amateur Boxing 
      Association (AIBA) sanctioned tournaments, world competitions, Olympic 
      trials, and camps for the Men’s, Women’s, 
      and Junior Olympic programs. Everlast boxing equipment will be used at 
      all USA Boxing-sponsored events and shows in preparation for the 
      upcoming Olympic Games in 2008.
    
    
      In addition to signage at various events and print advertising, Everlast 
      will further support USA Boxing and its athletes as they work to build a 
      competitive U.S. Olympic Boxing Team for the 2008 Olympics in Beijing 
      through promotional campaigns at various retailers, co-branded packaging 
      on Everlast equipment, various print publications including the Everlast 
      catalog, internet and live boxing events.
    
    
      Seth Horowitz, Chairman and CEO of Everlast Worldwide Inc., said, “We 
      are very proud to continue our longstanding relationship with USA 
      Boxing. The collaboration between Everlast and USA Boxing is especially 
      appropriate given our collective and unmatched history in the world of 
      boxing. We are thrilled to support USA Boxing and complement its efforts 
      in promoting the growth of amateur boxing while at the same time 
      furthering our commitment to enhancing the authenticity of the Everlast 
      brand name.”
    
    
      Added John Stavros, Executive Director of USA Boxing, “Everlast 
      has consistently demonstrated its commitment to USA Boxing by providing 
      quality products that help prepare the USA Boxing athletes for intense 
      competition. We are excited to have signed this exclusive agreement 
      which will ensure their continued support and look forward to having the 
      Everlast brand assist us in promoting the sport of amateur boxing.”
    
    
      About USA Boxing
    
    
      USA Boxing, as the national governing body for Olympic-style boxing, is 
      the United States' member organization of the International Amateur 
      Boxing Association (AIBA). As national governing body, USA Boxing is 
      responsible for the administration, development and promotion of 
      Olympic-style boxing in the United States. USA Boxing is a non-profit 
      organization and is thus overseen by a Board of Directors. With its 
      headquarters in Colorado Springs, Colo., USA Boxing sponsors a host of 
      programs – from developing the sport and its 
      athletes at the local, regional, and national levels, to sponsoring 
      national and international dual competitions and selecting teams for 
      international events, including the Olympic Games, World Championships, 
      and Pan American Games. USA Boxing, formerly known as the United States 
      Amateur Boxing Federation, has governed men's amateur boxing in the 
      United States since 1888. USA Boxing sponsors not only national and 
      international competitions, but also clinics and training camps to help 
      athletes and coaches learn international techniques.
    
    
      About Everlast Worldwide Inc.
    
    
      Everlast Worldwide Inc. is a leading designer, manufacturer and marketer 
      of boxing and fitness related sporting goods equipment under the 
      well-recognized Everlast brand name and a worldwide licensor of the 
      Everlast brand for apparel, footwear, sporting goods equipment and other 
      active lifestyle products and accessories. Since 1910, Everlast has been 
      the preeminent brand in the world of boxing and among the most 
      recognized brands in the overall sporting goods and apparel industries. 
      In order to capitalize on the rich heritage and authenticity of the 
      Everlast brand, the company has extended the Everlast brand outside of 
      the boxing ring into complementary product categories. Our strategy is 
      to continue to leverage the unique qualities represented by the Everlast 
      brand—Strength, Dedication, Individuality and 
      Authenticity — to become a leading global 
      athletic brand and a necessary part of the lives of consumers who train, 
      compete and live an active lifestyle.
    
    
      Statements made in this Press Release that state the intentions, 
      beliefs, expectations or predictions of Everlast Worldwide, Inc. and its 
      management for the future are forward-looking statements. It is 
      important to note that actual results could differ materially from those 
      projected in such forward-looking statements. Information concerning 
      factors that could cause actual results to differ materially from those 
      in forward-looking statements is contained from time to time in filings 
      of Everlast Worldwide with the U.S. Securities and Exchange Commission, 
      including the annual report on Form 10-K under the heading “Risk 
      Factors.” Copies of these filings may be 
      obtained by contacting Everlast Worldwide or the SEC.